Question 1
Paper 2, calculatorHard6 marksA small business records its advertising expenditure, in hundreds of dollars, and the number of enquiries received in a week, for five weeks.
| 1 | 3 | 5 | 7 | 9 | |
|---|---|---|---|---|---|
| 3 | 8 | 4 | 10 | 6 |
Determine the regression line of on giving its coefficients to three significant figures.
Use your regression line from part (a) to estimate the advertising expenditure when Give your answer in hundreds of dollars.
A manager wishes to estimate when She rearranges the line from part (a) and obtains
Determine a regression estimate you would use instead, and explain why the manager’s value should not be treated as the regression estimate for predicting from